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The Minimum Wage As Means to Exterminate Defectives: Taussig, 1911

SOURCE: Frank Taussig, Principles of Economics, Volume II, 1911.  Pages 299-300. As with legislation on hours, factory conditions, and the like, a compulsory minimum wages rate might serve simply to regulate the plane of competition. All employers would be affected alike; no one could undersell the others by cutting below the established rate. There would …

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